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<br />Page 1 <br />AGREEMENT FOR ADMINISTRATIVE SERVICES <br /> <br />This agreement (“Agreement”) is made this _____ day of _____________, 2021, between <br />Phase II Systems, a corporation organized and existing under the laws of the State of <br />California, doing business as Public Agency Retirement Services and PARS (hereinafter <br />“PARS”) and the City of San Leandro (“Agency”). <br /> <br />WHEREAS, the Agency has adopted the PARS Public Agencies Post-Employment Benefits <br />Trust for the purpose of pre-funding pension obligations and/or Other Post-Employment <br />Benefits (“OPEB”) obligations (“Plan”) and is desirous of retaining PARS as Trust <br />Administrator to the Trust, to provide administrative services.   <br />  <br />NOW THEREFORE, the parties agree: <br /> <br />1. Services. PARS will provide the services pertaining to the Plan as described in the <br />exhibit attached hereto as “Exhibit 1A” (“Services”) in a timely manner, subject to the <br />further provisions of this Agreement. <br />2. Fees for Services. PARS will be compensated for performance of the Services as <br />described in the exhibit attached hereto as “Exhibit 1B”. <br />3. Payment Terms. Payment for the Services will be remitted directly from Plan assets <br />unless the Agency chooses to make payment directly to PARS. In the event that the <br />Agency chooses to make payment directly to PARS, it shall be the responsibility of the <br />Agency to remit payment directly to PARS based upon an invoice prepared by PARS and <br />delivered to the Agency. <br />4. Fees for Services Beyond Scope. Fees for services beyond those specified in this <br />Agreement will be billed to the Agency at the rates indicated in the PARS’ standard fee <br />schedule in effect at the time the services are provided and shall be payable as described <br />in Section 3 of this Agreement. Before any such services are performed, PARS will <br />provide the Agency with a detailed description of the services, terms, and applicable rates <br />for such services. Such services, terms, and applicable rates shall be agreed upon in <br />writing and executed by both parties. <br />5. Information Furnished to PARS. PARS will provide the Services contingent upon the <br />Agency providing PARS the information specified in the exhibit attached hereto as <br />“Exhibit 1C” (“Data”). It shall be the responsibility of the Agency to certify the <br />accuracy, content, and completeness of the Data so that PARS may rely on such <br />information without further audit. It shall further be the responsibility of the Agency to <br />deliver the Data to PARS in such a manner that allows for a reasonable amount of time <br />for the Services to be performed. Unless specified in Exhibit 1A, PARS shall be under <br />no duty to question Data received from the Agency, to compute contributions made to the <br />Plan, to determine or inquire whether contributions are adequate to meet and discharge <br />liabilities under the Plan, or to determine or inquire whether contributions made to the <br />Plan are in compliance with the Plan or applicable law. In addition, PARS shall not be <br />liable for nonperformance of Services to the extent such nonperformance is caused by or <br />results from erroneous and/or late delivery of Data from the Agency. In the event that the <br />195